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Troubled Mira Villa condos in Summerlin expect to start sales in June.  Three banking institutions have given commitment to complete condominium construction.

Real estate lenders will financially back the project after careful analysis because of it’s offering in the current local real estate landscape.  Prior luxury condo purchasers will have the ability to renew their contracts before the sale of Mira Villa will be open to the general public.

Continue reading Troubled Mira Villa Condos In Summerlin Expect To Start Sales In June

Condos in Summerlin real estate approved by bankruptcy judge to complete construction.  The news this week about the Mira Villa luxury condos comes to buyers as a relief after they have been in limbo for nine months since the luxury project stopped.

The new general contractor is Isaac Construction and is under the deadline of January 6, 2008 before the building permits expire.  They will need to be onsite for many inspections.

Continue reading Condos In Summerlin Real Estate Ok'd By Bankruptcy Judge To Complete

Onyx Condominiums in Las Vegas were placed into Chapter 11 bankruptcy.  The mid rise development near MGM Grand had been placed into involuntary bankruptcy by Precision Concrete, Alpine Steel and Perlman Architects of California.

The real estate developer, Crestone Co. was building the 63 unit condos on the 2 acre site, formerly the Tropicana Inn motel.

Continue reading Onyx Condominiums in Las Vegas Were Placed Into Chapter 11 Bankruptcy

Verge downtown Las Vegas condos have been on a sales roller coaster ride.  Last year there was a lot of press and hype about their one day condominium sales.  Lowered deposits fueled the excitement for downtown Las Vegas Nevada real estate.  Now the momentum has all but come to a screeching halt.

Verge developer is currently going through a $2 million redesign for the project located at Main Street and Bonanza Road in downtown Las Vegas, NV.

Continue reading Verge Downtown Las Vegas Condo: Need A Face Lift Or Is It A Pop Tart?

Mira Villa Las Vegas condominiums bankruptcy saga continues in court. Two motions were filed including a bond to pay for construction completion.

The Mira Villa condo appointed trustee has filed the motions to ultimately sell the development in Summerlin real estate near the luxury One Queensridge Place.

One motion is allow the sale of the completed mid rise condos to pay off the loan allow the sale of homes to the existing buyers. The second is a motion for a $46 million bond to finish the phase of construction, market and pay the mortgage interest of the existing loan.

Continue reading Mira Villa Las Vegas Condominiums Bankruptcy Saga Continues In Court

Vegas Grand luxury condos now controlled financially by Lehman Bros. A local Las Vegas commercial real estate company is now marketing the development. Vegas Grand is located near Swenson Street and Flamingo.

About a year ago, the land for Vegas Grand in Las Vegas, Nevada was appraised for $72.5 million, or about $4.55 million an acre with the cost of construction is approximately $78 million.

Continue reading Vegas Grand Luxury Condos Now Controlled Financially By Lehman Bros